Acme Group

Rs 2,000 crore will be raised through issuance of fresh shares, while founder entity ACME Cleantech Solutions intends to sell Rs 1,000 crore worth of shares in the IPO.

ACME Group secures Rs 4,000-crore loan from REC for Oman green hydrogen project

The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, a company statement said.

Indraprastha Gas, ACME Group to jointly explore business potential in green hydrogen

ACME and IGL will work jointly to promote the adoption by the customers and create demand for green hydrogen in the country.

ACME Group forays into wind power with 50 MW project in Gujarat

The group has forayed into the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said.

ACME Group to build green hydrogen project in Tamil Nadu

The project entails an investment of Rs 52,474 crore.

ACME Group, NYK Line ink MoU for green ammonia shipping

As part of the cooperation, ACME and NYK will explore offering green ammonia to customers globally whereby ammonia would be supplied from ACME-developed projects and NYK will be the shipping partner.

ACME Group inks JV pact with Norway's Scatec to develop green ammonia facility in Oman

The first phase of the facility is expected to produce 100,000 tonnes of green ammonia annually.

ACME bags 75 MW solar project in UP at Rs 3.32/unit

"The SECI had invited solar tenders with cumulative capacity of 275 MW to be executed at multiple solar parks in Uttar Pradesh. Today ACME bid for 75 MW at Parasan solar park in Jalaun District of Uttar Pradesh and won it at a tariff of Rs 3.32/unit. The second best tariff offered was 3.34/unit,"

The laws that changed the Rules this year

The absence of a nodal, central regulatory authority in the realty sector has caused a lot of ambiguity and there being no entry barriers. However, the year 2016 has seen phenomenal changes in the sector.

ReNew and ACME likely to raise funds via InvITs: Sources

Sources say ReNew Power aims to raise Rs 1500 crore via InvITs in order to acquire renewable power plants and ACME plans to raise Rs 600 crore.

ACME Group bags 446 MW solar power projects in Telangana

The two companies - Telangana Southern Power Distribution Company Limited (TSPDCL) and Northern Power Distribution Company of Telangana Limited (TSNPDCL) - are state-run firms and jointly floated tender.

ACME signs pacts for 30 MW solar plants in Uttar Pradesh

"As per the terms and conditions of the agreement, ACME Group would provide approximately 50 million units power annually for a period of 12 years at a tariff of Rs 8.93 per unit".